As the world gets busier and the cost of living rises, the idea of a relaxed retirement seems more like a dream than a realistic goal. However, beachfront properties are still available in Mexico’s Costa Maya region at a fraction of real estate costs in the US. Today, many retirees and self-employed people have chosen to invest their money in this Caribbean paradise while making a smart and profitable real estate investment. Here is a guide to foreign real estate investment in the Costa Maya region of Mexico.
Look for recently revitalized areas
The best real estate deals are often those in places of natural beauty that have recently undergone a massive revitalization or beautification project. There are so many pristine coastal areas around the world that are often overlooked equity crowdfunding real estate because they have not yet been rejuvenated to suit the tastes of those seeking a retreat in tropical luxury.
Areas that have recently undergone government funded revitalization projects often remain off the real estate investment radar and are great places to look for serious investment deals.
The Costa Maya project is the latest in a series of revitalization projects initiated by the Mexican government to increase the value of Costa Maya real estate. Previous projects have included the rejuvenation of Acapulco and Cancun, both of which have proven extremely profitable in terms of real estate investment.
Look for areas of emotional attraction
Foreign real estate investments tend to be most profitable in areas of emotional appeal and natural beauty. As the world becomes more dense, areas of natural beauty that convey a sense of freedom and peace will continue to dwindle.
As cities grow and expand, the remaining natural oases continue to increase in value. Costa Maya, a 92 km stretch along the Caribbean Sea, is rich in scenic tropical natural beauty. Deep blue skies, crystal-clear oceans, and white-sand beaches remain a rugged and natural haven south of Cancun’s tourist area.
A majority of the tropical properties for sale in the Costa Maya region are currently available for development. New property owners can develop homes that complement the relaxed, tranquil, Caribbean lifestyle to further increase the real estate value of the property. A villa style home just yards from the gently lapping Caribbean Sea will continue to appreciate in value as the rest of the world becomes increasingly stressful and overpopulated.
Government-friendly property laws
Buying a property in a foreign country requires a lot of research and the assistance of a local real estate agent or solicitor. The laws of some countries are safer and friendlier to foreign buyers than others, and each has its own ownership requirements.
The Mexican government offers real estate ownership opportunities that are friendly to foreign investors. Adapting a historic law written to protect Mexico from foreign invasion, investors must form their own Mexican corporation. The land holding company technically owns the ownership of the land and protects it under the laws of the country. Some real estate agencies have used this law as a lucrative source of income, charging buyers additional fees for establishing businesses. To avoid this, look for real estate agents who offer help with incorporation, trusts, and other legal matters at no additional cost.
Governments set their own standards for the use of real estate, e.g. B. You should be entitled to a full refund to have the property matched by the agent if your property is deemed unsuitable under government regulations.
Buying a tropical home in a foreign country is a very real opportunity. Those with a sense of adventure and a desire to live their dreams can easily acquire their dream home in the area they desire most while making a lucrative investment in the future of themselves and their family.
Top 3 reasons to invest in real estate in Traverse City MI – a great small town destination
According to TripAdvisor, Traverse City is the second best travel destination for small towns in the United States. Grand Traverse Bay gives the city its name. The city is governed by a mayor and 6 commissioners and is a self-governing city. Investing in real estate here makes real sense from both a residential and commercial perspective. Here are the top three reasons to invest in real estate in Traverse City.
Tourism
Traverse City is the largest producer of tart cherries in the country. It’s famous for the week-long Cherry Festival, held the first week of July every year. Tourism is an important industry in the city and attracts many people in both summer and winter. In fact, the city’s cherry festival and other attractions draw nearly half a million tourists annually. The city offers an array of natural attractions including freshwater beaches, lush forests, a national lakefront, the popular Mt. Holiday with a number of ski resorts, and the recreational trails of the VASA system.
With so many attractions across the city, owning a home here has many obvious benefits. The property can be rented out for tourists visiting the city. It can also be used as a corporate guest house to accommodate their executives. Owning commercial property in the city also has tremendous benefits as the region has a growing tourist population all year round.
Company
The Michigan Economic Development Corporation administers the CDBG, or Community Development Block Grant Program, which is funded by the federal government. Projects that create jobs and support start-ups are supported with grants. Businesses involved in manufacturing, tourism, and distribution across multiple states are eligible for grants for their role in improving public infrastructure. There are many federal and state funded programs that help entrepreneurs and businesses locate in Traverse City and take advantage of a variety of incentives.
Home help
The Northwest Michigan Community Action Agency helps residents with a number of different issues such as paying bills, fundraisingscript paying off debt, and even avoiding foreclosure on their homes. The agency offers counseling and a one-time cash grant to homeowners facing foreclosure. They also offer reverse mortgage advice for seniors. These and other benefits help families stay in their homes during tough times.
With so many advantages for homeowners and business people, Traverse City really is a great choice for those looking to relocate to the Northern Michigan area.
